BEIJING, March 28 (Xinhua) -- China has announced tax-relief policies for parents rearing children under 3 years old, according to a State Council circular issued on Monday.Starting Jan. 1, 2022, the individual taxable income of such parents can be reduced by a total of 1,000 yuan (157 U.S. dollars) per month for each baby, said the circular.The deduction can be applied in full by one parent or can be split evenly, added the circular.The policy is the implementation of a decision on improving birth policies to promote long-term and balanced population development, which was adopted by the Comm...
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BEIJING, March 20 (Xinhua) -- China's securities regulator said it will work with other government departments to further improve the mechanism on infrastructure real-estate investment trusts (REITs), as part of efforts to better support the real economy.Earlier in April 2020, China initiated a pilot scheme on infrastructure REITs to deepen supply-side structural reform in the financial sector and enhance the capital market's capabilities.The scope of the REIT pilot program should be expanded, the China Securities Regulatory Commission said on Friday.The commission is guiding exchanges...
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According to the data released by the Ministry of Finance on 25th, from January to February this year, the main benefit indicators of state-owned and state-holding enterprises (hereinafter referred to as state-owned enterprises) in China kept increasing, and the economic operation of state-owned enterprises was stable in a reasonable range.From January to February, the total operating income of state-owned enterprises was 11,620.84 billion yuan, a year-on-year increase of 14.0%. Among them, the central enterprises were 6,966.78 billion yuan, a year-on-year increase of 16.0%; Local state-owned ...
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BEIJING, March 27 (Xinhua) -- The share of Chinese passenger car brands in the domestic market increased in the first two months of the year, data from an industry association showed.Over 1.63 million Chinese brand passenger cars were sold in the country during the period, surging 20.3 percent year on year, according to the China Association of Automobile Manufacturers.The market share of these brands accounted for 44.6 percent in the country in the January-February period, up 2.2 percentage points year on year.In February alone, the sales of Chinese brand passenger cars soared 27.9 percent ye...
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BEIJING, March 24 (Xinhua) -- The Postal Savings Bank of China, one of the country's state-owned banks, saw the outstanding amount of its microloans to small businesses stand at 1 trillion yuan (157.23 billion U.S. dollars) on Wednesday, the Shanghai Securities News reported on Thursday.The lender has handled more than 6 trillion yuan of microloans for about 50 million customers, and each of the loans stood at more than 100,000 yuan on average, said the report.The lender has been boosting digital transformation to provide easier access to microloans for clients.With about 40,000 outlets, t...
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